{"id":1004051660,"date":"2011-05-14T17:49:05","date_gmt":"2011-05-15T01:49:05","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=3510"},"modified":"2022-12-07T18:14:16","modified_gmt":"2022-12-08T02:14:16","slug":"residences-proliferate-in-dfw-suburbs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/residences-proliferate-in-dfw-suburbs\/","title":{"rendered":"Residences Proliferate in DFW Suburbs"},"content":{"rendered":"

By Georgiana Mihaila, Associate Editor<\/p>\n

Residents will soon have multiple new options in the Dallas-Fort Worth metro area, thanks to a number of multi-family development projects.<\/p>\n

One hundred ninety-four acres of raw land near Dallas-Fort Worth International Airport were purchased following a zoning change that boosted its appeal. While the land had been zoned exclusively for commercial use, a month ago the city council switched the zoning to 60 percent residential and 40 percent commercial. This change caught the eye of both Stratford Land and Realty Capital Corp., which\u00a0formed a joint venture and bought the land.<\/p>\n

The companies have released immediate plans for the land\u2014situated near state highways 183 and 360\u2014that entail parceling it off to residential and commercial developers.<\/p>\n

Lewisville will also see its share of new multi-family development, as Alliance Communities recently revealed plans for a 363-unit Class A multi-family community, the Broadstone Valley Parkway. Set at the corner of West Round Grove Road and Valley Parkway, the garden-style multi-family complex will feature three-story buildings and attached garages. If all stages of the development process go smoothly, the complex will be ready to welcome its residents as early as December 2012.<\/p>\n

Southlake does not fall far behind, as its city council has approved plans for 140 more residences in the town square. Developer Cooper & Stebbins L.P., owner and operator of Southlake Town Square, has not provided many details about the project, except that the units will be valued at around $250 a square foot. According to the Dallas Business Journal<\/em>, the approval has increased the maximum number of homes allowed at Town Square from 115 to 185.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Georgiana Mihaila, Associate Editor
\nResidents will soon have multiple new options in the Dallas-Fort Worth metro area, thanks to a number of multi-family development projects.
\nOne hundred ninety-four acres of raw land near Dallas-Fort Worth International Airport were purchased following a […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742],"tags":[],"class_list":["post-1004051660","post","type-post","status-publish","format-standard","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"\nResidences Proliferate in DFW Suburbs - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/residences-proliferate-in-dfw-suburbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Residences Proliferate in DFW Suburbs\" \/>\n<meta property=\"og:description\" content=\"By Georgiana Mihaila, Associate Editor Residents will soon have multiple new options in the Dallas-Fort Worth metro area, thanks to a number of multi-family development projects. 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